You’re ready to move to a new house. How exciting! This is a big life event, and one you certainly want to get right. Whether you’re looking for a starter home you’ll be in for a couple years or a forever home you can picture yourself in for a long time, you probably have a lot of questions. One of the most common is “How do I even get started?” If the only thing you really know is that you’re ready to buy a new home in Wake Forest, don’t worry. We can quickly tell you the rest of what you need to know.
Before we can go any further, we want to take a quick detour to tell you that whether you buy a new home in Wake Forest from its existing owner or decide to purchase a new construction home is going to affect the exact steps you take. For example, new construction typically doesn’t entail quite the same negotiation period and there won’t be the same type of concessions for the seller to make. For the sake of simplicity, we’re going to discuss buying a house on the market that has had a previous owner and is not new construction.
According to Rocket Mortgage, most home sales involve the following 12 steps:
#1 Decide Whether You’re Ready to Buy a Home
#2 Calculate How Much House You Can Afford
#3 Save for a Down Payment And Closing Costs
#4 Get Preapproved for a Mortgage
#5 Find the Right Real Estate Agent
#6 Begin House Hunting
#7 Make an Offer on a House
#8 Get a Home Inspection
#9 Get a Home Appraisal
#10 Ask for Repairs, Credits, or Concessions
#11 Do a Final Walkthrough
#12 Close on Your New Home
Buying a house is a major commitment, but it’s a very exciting one to make. According to Zillow research, about half of buyers searched for less than three months, but 13% shopped for seven months to a year. Exactly how long this process will take is based on several different factors. It typically takes anywhere from four weeks to six months to shop for and close on a house. If you already know you’re ready to buy a new home, you know your budget, and you have your down payment, you can skip the first few steps. If you’re already pre-approved for a mortgage and know which Real Estate Agent you want to use, you’ve gotten a lot out of the way and you are ready for the fun part- choosing your new home!
Your Real Estate Agent will help you hunt for houses within your budget. It’s a good idea to make a list of your top priorities, and put them into either a “want” or “need” category. Rank your priorities from most to least important and show this list to your Real Estate Agent. He or she will then show you homes that fit your criteria. You may need to spend some time searching for the perfect home, so don’t get discouraged if your hunt takes longer than a few weeks. Of course, if you’re wanting one of the first few houses you see to be “the one,” ask your Real Estate Agent to begin the search in Holding Village!
You’re not just choosing a house, but you’re also picking out a new neighborhood to live in. Of course, you want to live in Wake Forest. People who live in Wake Forest love it! It is known for mild weather, top schools, a thriving job market, and plenty of things to do. There’s one more thing Wake Forest is known for- Holding Village!
We are confident that when you look into the top Wake Forest neighborhoods, you will find that Holding Village is the best! Not only will you absolutely love your new house, you’ll adore the entire neighborhood as well. A community pool, expansive green spaces, and a large lake are only the beginning. In Holding Village, our homes are designed and crafted by some of the Wake Forest area’s top builders, including Drees Homes, John Wieland Homes and Neighborhoods, and Ashton Woods. In 2022, we’ll have even more builder options available. Your new Holding Village home is waiting for you!